ASX listed lithium brine explorer Reedy Lagoon has received positive results from a subsurface, 3D geophysical surveying program undertaken at its Alkali Lake North project in Nevada state, USA.
Interpretation of the data indicates a linear conductive body extending for more than 2,000 metres horizontally at a depth of about 500m from surface and adjacent to a major structural fault.
The company has interpreted the conductive mass to potentially comprise a 100m thick interval of sedimentary rocks containing multiple brine filled aquifers, possibly containing dissolved lithium salts.
According to the company, the results provide strong evidence for the possible occurrence of brines at the project.
The Alkali Lake North project is located 30km to the northeast of its newly pegged Clayton Valley project, where results of a similar 3D survey reported last week, outlined a significant new subsurface conductor with a volume of about 1 cubic kilometre in size.
The Clayton Valley project is located directly adjacent to the north-western extent of Albemarle’s Silver Peak lithium brine operation.
All assay results from diamond core samples of sediments drilled earlier this year at the Columbus Salt Marsh have now been received by Reedy Lagoon.
With significant new lithium brine exploration targets now defined at both the Clayton Valley and Alkali Lake North projects, Reedy Lagoon has a significant opportunity to sink the drill bit into some seriously prospective ground within an enviable postcode.
By Matt Birney
